Home > News

Wuxi firm expands into global markets

Updated : 2017-07-03
(chinadaily.com.cn)

Wuxi firm expands into global markets

The sand table model of the Sihanoukville Special Economic Zone [Photo provided to China Daily]

Hodo Group, located in Wuxi, Jiangsu province, is one of the largest clothing companies in China, with sales reaching 50.3 billion yuan ($7.3 billion) in 2015. The firm started by making knit vests in 1957; it has since developed 10 subsidiaries and operates in various fields including clothing, rubber tires, biomedicine and real estate.

As one of 120 pilot enterprises designated by the State Council for deepening reforms, the company has followed the government's call to "go global". It has two subsidiary corporations in New York and Los Angeles, and its products are exported to more than 20 countries and regions.

Since 2007, the group has made a significant investment in helping build the Sihanoukville Special Economic Zone (SSEZ) in Cambodia. Jointly developed by the Cambodian and Chinese governments, the zone covers an area of 11.13 square kilometers. The area has attracted more than 100 global companies, and helped create 16,000 jobs.

Wuxi firm expands into global markets

The Sihanoukville Special Economic Zone in Cambodia [Photo provided to China Daily]

"The economic zone serves as a platform for Chinese businesses to participate in the Belt and Road Initiative," said Zhou Haijing, president of Hodo Group.

Hodo's participation in the construction of SSEZ also helps boost Wuxi's economy and strengthens its partnership with Sihanoukville.

8.03K
News
Specials
Sports
Videos
Photos
Business
Policies
Industries
Development Zones
Enterprises
Biz Updates
Travel
Maps
Attractions
Dining
Accommodation
Specialties
Shopping
Entertainment
Transportation
Culture
Heritage
Museums
Events
In focus
Services
Visa
Marriage
Healthcare
Jobs
Education
Useful Info
About
Overview
Districts
Statistics
Government Officials
Sister Cities
E-books
Copyright © 2017 China Daily. All rights reserved.
Sponsored by Wuxi Municipal Party Committee Information Office.
Presented by China Daily.
备案号:苏ICP备14054684号-2